GENERAL BUILDING CONTRACTORS NEW YORK STATE INC (EIN 141443531) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1955

Legal Domicile

Principal Officer

MICHAEL ELMENDORF

Phone

5184561134

Tax Period

2024-01-01 to 2024-12-31

GENERAL BUILDING CONTRACTORS NEW YORK STATE INC, founded in 1955, is a micro nonprofit that reported $3K in total revenue in fiscal year 2024. Revenue surged 98% from the prior year, signaling strong growth momentum. Expenses of $23K exceeded revenue, resulting in a 636% operating deficit.

Mission

PROGRAMS TO PROMOTE THE CONSTRUCTION INDUSTRY

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $3,163

Other Revenue $0

TOTAL REVENUE $3,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $23,286

TOTAL EXPENSES $23,286

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,163	$1,600	+1.0%
Expenses	$23,286	$22,991	+0.0%
Net Income	$-20,123	$-21,391	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$406,764

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUFUS JUDSON	SECRETARY/TREASURER	0.00	Officer	$0	$0	$0
MICHAEL J ELMENDORF	CURRENT PRESIDENT & CEO	1.00	Officer	$0	$68,494	$406,764
TOM LEPAGE	VICE CHAIRMAN	0.00	Officer	$0	$0	$0
PETER MORANDI	CHAIRMAN	0.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$3,163	$23,286	$525,320	$-20,123
2023	$1,600	$22,991	$545,443	$-21,391
2022	$40,593	$4,758	$566,834	$35,835
2021	$61,872	$5,144	$530,999	$56,728
2020	$45,662	$7,259	$474,951	$38,403
2019	$4,966	$11,261	$435,868	$-6,295
2018	$4,714	$10,845	$442,163	$-6,131

GENERAL BUILDING CONTRACTORS NEW YORK STATE INC